|
<br />r
<br />
<br />MORTGAGE
<br />
<br />8,'3-, 001311
<br />
<br />This mortgage made' and entered into this 12th day of March
<br />19 83 . by and between Kenneth. R. Hodtwalker & Ruth L. Hodtwalker, husband and wife
<br />
<br />(hereinafierreferredto as mortgagor) and Commercial National Bank and Trust Company
<br />
<br />llIortp'gee),. who maintains an office and place of business at
<br />Hall County, Nebraska.
<br />
<br />(hereinafterrefel'l'ed...toas
<br />street in Grandlsland;
<br />
<br />424 West 3rd
<br />
<br />WITNEsSETH, that for the consideration hereinafter stated, receipt of which is hereby acknOWledged, the mort~or
<br />dOeS bereby. mortgage, sell. grant, assign, and convey unto the mortgagee, its successors and assigns, all of the. fol-
<br />16wing descri1ied property situated andheingin tbe County of Hall
<br />State of Nebraska,
<br />
<br />Lot TWelve (12) "Ross and Ashton Park" located and being a subdiv.isionofda'part
<br />of Lots Fourteen (14) and Eighteen (18) of County Subdivision of West Half of. .
<br />Southwest Quarter (WJ,SW!o:) and a part of the East Half. of Southwest Quarter (EJ,SWJ..t)
<br />of Section Fifteen (15) in Township Eleven (11), North, Range Nine (9), West of
<br />the Sixth Principal Meridian, Hall County, Nebraska.
<br />
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easements, rights, royalties, mineral, oil and ~as rights and profits. water, water rights, and water stock, and inclUding
<br />all heating, plumbing, refrigeration. lighting, equipment and all fixtures of every description belonging to. the
<br />mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition
<br />thereto the following described properties which are and shall be deemed to be fixtures and a part of the realty, and
<br />are apomon of the security for the indebtedness herein stated, (If none, state "none") None
<br />
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />
<br />The mortgagor is lawfully seized and possessed of and has the right to sell and convey said property; that the
<br />same is free ftom all encumbrances except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the. title aforesaid thereto and every part thereof against the claims of all persons whomsoever,
<br />
<br />Tbis ins!1ument is given to secure the payment of a promissory note dated March 12, 1983
<br />in !be principal sum oft 25,000.00 . signed by Kenneth R. Hodtwalker & Ruth L.
<br />inbdlalf of them_lves tlo<h:wa.\:ke:!:
<br />
<br />also, as. such note or.notes may from time to time be modified. renewed or extended in writing,
<br />
<br />In the event the title to said real estate is transferred. or contracted to be transferred. from the undersigned for any
<br />refiOlLor by lU1Y metbodwhat$Qever. tbeentire principal sum and accrued interest shaU at once become due and
<br />..~attbe~on()f !be b!>lder hereof. FailUre to exercise tbis option because of transfer of title as above Slated
<br />in~,~>sllIlI notconstllute a waiver of the r1.ht to exercise the ume in the event of any subsequent transfer,
<br />
<br />1. l'JIolJlORpJorCQYejWItUnd agrees asf!>llows:
<br />
<br />.:~~:~PJl)'tllc~ evidenced by sald promissory note at the times and in the manner
<br />...,~~
<br />
<br />
<br />lJi1'o'J.'tQ aU ~es. llSRUIIMrIts, water rates, and other governmental or municipal char~. fines. or
<br />~~~rn:ovlalon has not been made hereinbefore. and will promptly deliver the official receipts
<br />~Of~9tbc~mort...,
<br />
<br />c.TO__~and f_ull\llY beillC\tffli(\illthe ptot<<tlQll and maintenance of said properlY,
<br />~tbt:f_~lI11Yatt~_~bytbe~ for tbe collection .1fany or all of the indebtedness
<br />~ lCil:Ure>o1. or forecl~re by llWt~'s SIlk, (>l court proCeedings. or in any othel htitl,atiou or !'f(x:e.:diuj:
<br />afff(l~Wd \lfOj)efIY.
<br />
<br />
|